EPFO Pension: Good news for private sector employees, pension will be available from the month of retirement

New Delhi: EPFO has brought a good news for lakhs of employees of Punjab. Actually, the EPFO is going to implement the pilot project started in the industrial city of Ludhiana in the whole of Punjab soon. Under this scheme, pension will be started to the retiring employees from the month of their retirement. Earlier […]
 


EPFO Pension: Good news for private sector employees, pension will be available from the month of retirement

New Delhi: EPFO has brought a good news for lakhs of employees of Punjab. Actually, the EPFO ​​​​is going to implement the pilot project started in the industrial city of Ludhiana in the whole of Punjab soon. Under this scheme, pension will be started to the retiring employees from the month of their retirement. Earlier this pilot project was launched only in Ludhiana, after which it is now being implemented in entire Punjab. According to media reports, it can be launched across the country soon. For this, a presentation has also been given by the Ludhiana PF Commissioner before the Central Committee.

Let us tell you that the first page of the pilot project was started in April 2022 in Ludhiana. After its success, it has now been presented as a role model for implementation in Punjab and later across the country. Under this project, by forming a special team, all the documents of the employees retiring 2 months before will be completed and pension certificates will be given to all the employees retiring during 1 month.

The company will have to make the payment on time

The company should make advance payment of PF contribution due for the retired month and file necessary pension claims and documents with the PF office. They have to file ECR and submit Form 10B along with required documents to the PF office before 15th of the month in which the employee is retiring so that they can complete the formalities and hand over the pension payment order in time.

After Ludhiana, now the whole of Punjab will start

Regional Commissioner Dheeraj Gupta said that the work is being done expeditiously only under the guidance of the Central PF Commissioner. After successful study of this pilot project in the industrial city of Ludhiana, it will be implemented all over Punjab. After seeing the trials related to it to be held in the state, it will be presented before the Central Committee, after which it will be prepared for implementation across the country.

The post EPFO ​​Pension: Good news for private sector employees, pension will be available from the month of retirement appeared first on Times Bull.